Uniquely Positioned to Advise the World’s Leading Companies
In Focus
-
New SFC Requirements for Management and Disclosure of Climate-related Risks: First Deadline for Compliance is on 20 August 2022The transition periods for fund managers to implement the regulatory requirements for the management and disclosure of climate-related risks will soon come to an end, with the first deadline for compliance being later this month.
-
US Inflation Reduction Act Includes Changes to Carried Interest TaxationOn July 27, 2022, US Senators Chuck Schumer and Joe Manchin announced that they reached a deal on a budget reconciliation bill generally intended to combat inflation. While titled the Inflation Reduction Act of 2022, buried in the bill (to the surprise of many) is a revenue raiser fixed on making certain modifications to existing Section 1061, which may significantly change how carried interest is taxed. This Legal Update provides further detail.
-
Ukraine CrisisThe crisis in Ukraine has tremendous implications for our clients, many of whom have employees or family directly at risk, operations that have been affected and supply chains that have been interrupted. Mayer Brown’s Ukraine Crisis Core Response team is working to ensure that our clients have access to the critical information and insight that they require.
{{ activeIndex + 1 }}
of
3
-
August 152022In the case Dock Brian v. Pacific Gourmet Holdings Ltd [2022] HKCFI 444, the Hong Kong Court of First Instance heard an appeal from the Labour Tribunal concerning a purported settlement agreement that the Employee entered into on termination of employment.
-
August 152022Financial institutions, corporations, and other payors of income are keenly aware that the Internal Revenue Service (“IRS”) will impose tax penalties on them if they issue inaccurate tax information returns to either the IRS or customers. A recent case, however, points out that inaccurate reporting may have another, less obvious, downside: liability to the customer who received the inaccurate information. On June 30, 2022, a United States district court in New Jersey allowed a brokerage customer to proceed to seek damages from a brokerage that provided inaccurate tax reporting to the customer. This Legal Update provides further detail.
-
August 152022On August 5, 2022, the National Congress overturned presidential vetoes of Federal Law No. 14,260/2021 (Recycling Incentives Law), which had been originally published in the Federal Official Gazette on December 9, 2021. It should be noted that the Recycling Incentives Law establishes tax incentives and benefits to be adopted by the federal government in relation to projects that stimulate the recycling production chain in order to encourage the use of raw materials and inputs of recyclable and recycled materials, based on provisions of Federal Law No. 12,305/2010 (National Solid Waste Policy).